Revology

Revology

Technology-enabled RCM services for hospitals

Overview

Revology provides technology-enabled Revenue Cycle Management (RCM) services for hospitals and health systems, using its own purpose-built software to manage financial workflows in healthcare reimbursement. It offers a standalone insurance follow-up tool that can be bundled with expert RCM services, including end-to-end outsourcing of tasks. Its approach combines in-house RCM technology with professional services, giving healthcare providers a one-stop solution to improve cash flow and AR performance. The goal is to help hospitals and health systems accelerate their revenue cycle, shorten days in accounts receivable, and improve financial outcomes.

About Revology

Simplify's Rating
Why Revology is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Data & Analytics

Consulting

Enterprise Software

Healthcare

Company Size

51-200

Company Stage

Early VC

Total Funding

$7.1M

Headquarters

Iowa City, Iowa

Founded

2022

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Simplify's Take

What believers are saying

  • Margaret Mary Health transitioned its revenue cycle operations to Revology on March 2, 2026.
  • Hancock Health expanded to a multi-year Revology contract after a $10 million cash lift.
  • Hospitals want autonomous revenue cycle tools that reduce manual burden and improve predictability.

What critics are saying

  • Hospitals can replace Revology if Auxo underdelivers measurable denial reduction and cash acceleration.
  • Revenue cycle conversions create immediate continuity risk, especially during 55-employee onboarding at Margaret Mary Health.
  • Payer policy changes can outrun Auxo updates, delaying collections and damaging customer trust.

What makes Revology unique

  • Revology combines proprietary Auxo software with outsourced revenue cycle services.
  • Its founders ran provider-side revenue cycle operations across 130 health systems.
  • The company emphasizes AI-driven insurance follow-up, coding triage, and appeals workflows.

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Funding

Total Funding

$7.1M

Above

Industry Average

Funded Over

1 Rounds

Early VC funding comparison data is currently unavailable. We're working to provide this information soon!
Early VC Funding Comparison
Coming Soon

Benefits

Remote Work Options

Growth & Insights and Company News

Headcount

6 month growth

-16%

1 year growth

-16%

2 year growth

-16%
WRBI Radio
Dec 10th, 2025
MMH Announces Strategic Revenue Cycle Partnership with Revology

MMH announces strategic revenue cycle partnership with Revology. (Batesville, IN) - Margaret Mary Health (MMH) on Wednesday announced a strategic transition of its revenue cycle operations through a long-term partnership with Revology. This decision comes after more than a year of careful evaluation of multiple models and vendors and represents a significant investment in the hospital's future stability, accuracy and financial performance. This transition, which impacts the employment of 55 MMH employees, will occur March 2, 2026. This shift is not a cost-reduction strategy. Instead, it reflects MMH's commitment to improving the tools, technology and expertise needed to thrive in today's increasingly complex reimbursement environment. As billing requirements, payer rules and administrative burdens continue to evolve, hospitals nationwide are struggling to keep pace using internal resources alone. By partnering with Revology, MMH will gain access to advanced analytics, automation, workflow tools and specialized teams that would be costly and difficult to replicate internally. "Strengthening our financial foundation directly strengthens our ability to care for our community," said Liz Leising, President and CEO of MMH. "This partnership gives us the resources and technology we need to grow, but at the heart of this transition is our people. Our revenue cycle team members have been - and will continue to be - essential to our organization. Every team member has been offered a position with Revology, and they will remain valued members of the MMH family. Their expertise, commitment and compassion are central to our success, and this partnership is designed to support them, not replace them." The Revology partnership is expected to improve clean-claim rates, reduce denials, enhance billing accuracy, accelerate payment cycles and create more predictable financial performance. These improvements will ultimately allow MMH to continue investing in clinical staff, expanding services, modernizing equipment and ensuring safe, high-quality care for patients. "We are thrilled to further expand our partnership with Margaret Mary Health and welcome the revenue cycle team to Revology," said Chris Klitgaard, founder and CEO of Revology. "By bringing the team in-house, we can more seamlessly develop opportunities for growth and offer a larger peer network of revenue cycle experts to continue to expand their RCM skills. It also allows us to dedicate more specific resources to continue to improve revenue cycle outcomes for MMH." "We are making this change to prepare MMH for long-term success," said Leising. "Investing in the right partners and the right tools ensures we can continue to provide high-quality care, support our employees and meet the needs of our growing community." The Revology partnership will provide continuity, depth of expertise and expanded staffing support while maintaining MMH's oversight, governance and decision-making authority. MMH and Revology will continue working closely to ensure a smooth transition for team members.

Corridor Business Journal
Nov 4th, 2024
Revology selected by Indiana health care network for long-term contract

Revology has announced an agreement with Hancock Health to expand their existing partnership into a multi-year contract, as stated in a revology news release from last week.

Securities and Exchange Commission
Oct 10th, 2023
SEC FORM D

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.The reader should not assume that the information is accurate and complete.

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